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Report U.S. Hardwood Veneer and Plywood Market. Analysis and Forecast to 2030 for 499$
Report Update Jan 1, 2025

U.S. Hardwood Veneer and Plywood Market. Analysis and Forecast to 2030

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U.S.: Market for Hardwood Veneer and Plywood 2022

Market Size for Hardwood Veneer and Plywood in the U.S.

In 2021, after two years of decline, there was significant growth in the U.S. hardwood veneer and plywood market, when its value increased by 6% to $X. The market value increased at an average annual rate of +2.4% over the period from 2013 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Hardwood veneer and plywood consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Production of Hardwood Veneer and Plywood in the U.S.

In value terms, hardwood veneer and plywood production declined to $X in 2021. The total output value increased at an average annual rate of +2.4% over the period from 2013 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 10% against the previous year. Hardwood veneer and plywood production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Hardwood Veneer and Plywood

Exports from the U.S.

In 2021, overseas shipments of hardwood veneer and plywood were finally on the rise to reach X cubic meters for the first time since 2017, thus ending a three-year declining trend. In general, exports saw a relatively flat trend pattern. The exports peaked at X cubic meters in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, hardwood veneer and plywood exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X cubic meters) was the main destination for hardwood veneer and plywood exports from the United States, accounting for a 14,506% share of total exports. Moreover, hardwood veneer and plywood exports to Canada exceeded the volume sent to the second major destination, Mexico (X cubic meters), threefold. The third position in this ranking was held by Spain (X cubic meters), with a 2,499% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+50.9% per year) and Spain (+28.4% per year).

In value terms, Canada ($X) remains the key foreign market for hardwood veneer and plywood exports from the United States, comprising 43% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by Spain, with a 5.2% share.

From 2020 to 2021, the average annual rate of growth in terms of value to Canada totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+73.0% per year) and Spain (+28.4% per year).

Imports of Hardwood Veneer and Plywood

Imports into the U.S.

In 2021, purchases abroad of hardwood veneer and plywood was finally on the rise to reach X cubic meters after four years of decline. The total import volume increased at an average annual rate of +2.0% from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X cubic meters in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, hardwood veneer and plywood imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X cubic meters) was the main supplier of hardwood veneer and plywood to the United States, accounting for a 2,293% share of total imports. Moreover, hardwood veneer and plywood imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), sixfold. The third position in this ranking was held by Germany (X cubic meters), with a 298% share.

From 2020 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.3% per year) and Germany (+4.2% per year).

In value terms, Canada ($X), China ($X) and Spain ($X) constituted the largest hardwood veneer and plywood suppliers to the United States, with a combined 25% share of total imports. Italy, Germany, the Netherlands, Estonia, India, Slovenia, Portugal, Gabon, Japan and Ghana lagged somewhat behind, together accounting for a further 3.7%.

In terms of the main suppliers, Slovenia, with a CAGR of +90.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

In value terms, the largest hardwood veneer and plywood suppliers to the United States were Vietnam, Russia and Canada, with a combined 48% share of total imports. China, Cambodia, Indonesia and Brazil lagged somewhat behind, together accounting for a further 32%.
In value terms, Canada remains the key foreign market for hardwood veneer and plywood exports from the United States, comprising 43% of total exports. The second position in the ranking was occupied by Mexico, with a 15% share of total exports. It was followed by Spain, with a 5.2% share.
In 2021, the average hardwood veneer and plywood export price amounted to $593 per cubic meter, picking up by 11% against the previous year.
The average hardwood veneer and plywood import price stood at $735 per cubic meter in 2021, picking up by 11% against the previous year.

This report provides an in-depth analysis of the market for hardwood veneer and plywood in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 321211 - Hardwood veneer and plywood manufacturing

Companies mentioned:

  • Columbia Forest Products
  • Smith Family Companies
  • Veneer Technologies
  • States Industries
  • Decorative Panels International
  • Mt. Baker Products
  • Rutland Plywood Corp.
  • The Freeman Corporation
  • Marion Plywood Corporation
  • David R. Webb Company
  • Nmsa
  • International Timber and Veneer
  • Miller Veneers
  • Amos-Hill Associates
  • Swaner Hardwood Co.
  • Manthei
  • Murphy Company
  • Ferche Millwork
  • Standard Plywoods Incorporated
  • Swanson Group Mfg.
  • Coldwater Veneer
  • Birchwood Lumber & Veneer Co.
  • Plycraft Industries
  • Bessemer Plywood Corp.
  • Davis Wood Products
  • Timber Products Michigan Limited Partnership
  • Danzer Services
  • Northern Michigan Veneers
  • Columbia Plywood Corporation
  • Plum Creek Northwest Plywood
  • Coastal Plywood Company
  • Ivc USA Inc.

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024
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